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A Guide to Your Finances in Your 40s

With your 40s comes competing money goals. Here's how to manage them.

In your 20s and 30s, your financial goals were probably pretty simple: start saving for retirement, build an emergency fund, keep your debt in check. But now that you're in your 40s, it's time to graduate from simply learning to establish good money habits to getting strategic about how you're going to meet your goals, some of which are quickly approaching.

The good news is that you're probably in a pretty good place. You're well-established in your career, your earnings have grown, and maybe you even manage to keep your family on budget. At the same time, you have more priorities to juggle, such as your kids' college savings and helping out your parents as they get older. And even though you have some time before hitting the brakes on your career, your retirement should be top of mind right now.

With so much going on, it's important you're taking how you save, spend, grow, protect and give your money to the next level. Here's how to get started on finances in your 40s.

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Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Securities are offered through Northwestern Mutual Investment Services, LLC, (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, member FINRA and SIPC. Fiduciary and fee-based financial planning services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with the titles "Financial Advisor" or "Wealth Management Advisor" are credentialed as NMWMC representatives to provide advisory services.